VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 3, 2015) - Carl Data Solutions Inc. (CSE:CRL)(FRANKFURT:7C5) ("Carl" or the "Company"), a developer of Big-Data-as-a-Service ("BDaaS")-based solutions for data integration and business intelligence, is pleased to announce that it has retained Trapeze Capital Corp. ("Trapeze") to provide market-making services in accordance with Canadian Securities Exchange ("CSE") policies (the ("Services"). Trapeze has been retained to trade shares of the Company on the CSE with the objective of contributing to market liquidity of the Company's shares.
Under the terms of the agreement (the "Agreement"), with an effective date of December 1, 2015, Trapeze will receive compensation of $5,000 per month. Trapeze will not receive shares or options as compensation under this Agreement. However, Trapeze and its clients may have or may acquire a direct interest in the securities of the Company through the Services. Carl and Trapeze are unrelated and unaffiliated entities; Trapeze is a member of the Investment Industry Regulatory Organization of Canada, a participating organization of the TSX and a member of the TSX Venture Exchange. The capital and securities required for any trade undertaken by Trapeze as principal will be provided by Trapeze.
The Agreement is for an initial term of 180 days and shall be automatically renewed for subsequent 180 day periods unless terminated with notice delivered 30 days prior to each renewal date.
About Trapeze Capital Corp.
Trapeze Capital Corp., established in 1998, is a Toronto-based full-service investment dealer providing innovative solutions for institutional, corporate and individual clients in Canada and abroad. Trapeze's Capital Markets team is comprised of industry-focused professionals with extensive transactional backgrounds and long-standing industry relationships, dedicated to providing corporate clients with a full range of advisory and financing services to achieve their objectives throughout the entire business lifecycle. Trapeze also has an investment management group providing discretionary portfolio management for institutions and high net worth individuals, primarily through separately managed accounts. More information can be found at www.TrapezeCapital.com.
About Carl Data Solutions Inc.
Carl Data Solutions Inc. is focused on providing next generation information collection, storage and analytics solutions for data centric companies. Building on its recent acquisitions, Flow Works Inc., a company that helps its clients analyze and understand all forms of environmental data through a powerful platform of data collection, monitoring, analysis, and reporting tools, and Extend to Social Media Inc., a company with an application that allows clients to leverage their customers' social networks for referral marketing and analytics, Carl develops applications to work with new cloud-based mass storage services and analytics applications (Big-Data-as-a-Service (BDaaS)). Carl is creating a virtually unlimited data storage environment from which informative visual representation of data can be created and new insights generated. Carl's goal is to deliver a comprehensive data management solution for datasets of any size and type from any source. More information can be found at www.CarlSolutions.com.
On behalf of the Board of Directors:
Greg Johnston, President, Chief Executive Officer, Director, Carl Data Solutions Inc.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.